CKYH to Rationalize Far East /U.S. East Coast Services

March 23, 2009

CKYH to Rationalize

Far East/U.S. East Coast Services

CKYH Alliance (Coscon, "K"Line, Yang Ming, Hanjin Shipping) announced today that it was rationalizing its Far East – U.S. East Coast services effective April 2009. CKYH Alliance believes this service rationalization will enable them to provide customers with more comprehensive service covering most ports in the Far East and on the US East Coast.

In addition to these current routes, CKYH Alliance is launching a new service, AWE-5. Though AWE-5 has previously been in operation on a temporary basis, the Alliance decided to run it regularly in order to continue providing top quality service to its customers.

Details are as follows:

* Notes.

AWE-1

Port rotation: Qingdao – Ningbo – Shanghai – Pusan – New York – Wilmington – Savannah – Pusan – Qingdao

Vessels deployed: 8 x 3726 TEU by Hanjin Shipping

AWE-2

Port rotation: Qingdao – Shanghai – Ningbo –Yokohama – Savannah – New York – Boston –Qingdao

Vessels deployed: 8 x 3600 TEU by Coscon

AWE-3

Port rotation: Kaohsiung – Hong Kong – Yantian – Pusan – Savannah – Charleston – Wilmington – Kaohsiung

Vessels deployed: 8 x 3300 TEU by Yang Ming

AWE-4

Port rotation: Singapore – Shekou – Hong Kong – Yantian – Norfolk – New York – Halifax – Singapore

Vessels deployed: 8-9 x 3850 TEU by "K" LINE

AWE-5

Port rotation: Kaohsiung –Yantian –Shanghai – Pusan – New York – Norfolk – Savannah – Kaohsiung

Vessels deployed: 8 x 3300 TEU by Yang Ming, Hanjin Shipping

For further information, please contact:

Yu Kurimoto

Manager, Planning Team, Container Business Group

Kawasaki Kisen Kaisha, Ltd.

Tel: +81-3-3595-5309 Fax: +81-3-3595-5288

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